Dáil Éireann Debate, Wednesday - 31 March 2021
115. Deputy Pearse Doherty asked the Minister for Finance his views on the adequacy of a company (details supplied) undertaking a third party review of activities from 2014 to 2021; the position of the interim CEO given their position on the board of the company during a period of the Central Bank investigation; and the extent to which these issues will inform the Government and the NTMA in their future dealings with the company. [17181/21]
Amharc ar fhreagraThe Deputy will understand, I am sure, that it would not be appropriate for me to comment on the internal affairs of a private company in which I have no role.
The board of the company in question has announced its decision to pursue a sale of the Group, and I have previously indicated my support for that decision. It is important to have a stable, well-managed, local stockbroking community to support indigenous companies.
The Central Bank is independent in the performance of any regulatory requirements around the appointment of the CEO to the board of the company and I as Minister, have no role in this process.
I am advised that the NTMA has withdrawn the authority of this firm to act as a primary dealer in Irish Government bonds. More generally, when entering into commercial contracts with any party the NTMA typically considers all appropriate information available to it at the time of such interaction.
